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20121202
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CSPAN 11
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WBAL (NBC) 7
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WJZ (CBS) 4
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English 80
Search Results 0 to 49 of about 80 (some duplicates have been removed)
CSPAN
Dec 7, 2012 10:30pm EST
cuts and a weak economy. it is the lowest since 1950. to reverse the trend is a major breakthrough. yes, we are talking about deficit deduction. we are talking about raising revenue to a level in which can begin to support the kinds of investments we need to make to train our future work force and to create an environment in which we can care for the elderly. >> the think americans will remain optimistic but this did of the economy? if we have not tackle the things we have just talked about like the cost of education, the housing market? we are figuring out some philosophical issues about taxing and funding? >> i think the economy has been growing slowly and steadily all in the absence of any movement, which we have seen over the test of the last year. i have worked on guantanamo for the past 10 years. my sense is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, -- in a long time, at least we will not see head winds. we are making some progress. i see that continue. >> i want to come back to what todd said earlier.
CSPAN
Dec 6, 2012 5:00pm EST
on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will say more at the end about some of our members who are leaving. it is -- it has been an honor for me to serve as chairman of this committee and also served with my friend, kevin brady, as vice chair. he has been great to work with. i hope there'll be bipartisan success in congress. i look forward to working with him as i change seats in the senate for the next congress. i am grateful to our witnesses, whom i will introduce. before i do that, opening statements. >> i think the chairman for the recognition. this is the concluding hearing from the 112th congress. ,'m behalf of the vice chair kevin brady, on
CSPAN
Dec 9, 2012 10:30am EST
it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should provide tax credits to small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season, americans should not have to face the uncertainty that many will face with regard to their
CSPAN
Dec 7, 2012 7:00am EST
of an economy that way. i think both sides now are going to have to make some kind of compromise. the republicans have me a in mind because i have a small business. 35% -- all of the other taxes that become involved, that small company cannot exist. who's to say it will not go to 69.4%? when will it stop? thank you very much. host: i also want to get david in on the democrats' line. caller: good morning. thank you to suspend for taking my call. sometimes i feel like c-span has changed their name to r-span if you know what i mean. a lot of right wing things going on. i think you are not quite as biased as you used to be. i hope we do go over the fiscal glove. the reason being, -- go over the fiscal cliff. the reason being, all bush era tax cuts will expire. the senate has already passed the bill for the middle class tax cuts to continue. let the republicans in the house go ahead and fight for the 2% when all of the -- when all will go into effect. take the senate's version. i think they have been sitting on it for eight months in the house. i think it is terrible to treat the amer
CSPAN
Dec 5, 2012 8:00pm EST
will be blamed. remember, this is the obama era. it's going to go down as his economy. i ask people who was speaker of the house during the great depression when roosevelt was president. i'll give a hundred dollars to anyone who can name who the speaker of the house was in the critical first hundred days -- >> jim over there would know. >> henry thomas reigny. now, there's a name in the history books. point being, the speaker is an important player, this is significant, but it is obama's job to lead and define so if there's negative consequences here, particularly in the economy, it's going to be in the obama era, things didn't get fixed. who is it? the australian finance minister who says the united states is one budget deal away from being a great country. there's a lot of people in business who think we are poised to do some really good things in the global economy, the united states is, but if we can't untangle this mess, it's not going to happen. >> you know about the inner workings in the government more than any living person, every single administration of our lifetime. you've b
CSPAN
Dec 5, 2012 11:00pm EST
emerging economy. we asked about the report the government makes for business and enterprise. it is fair to say that his answer has captured the imagination of all political parties that will respond formally in the spring. so here's what we will do now. first, government spending should be alone with the business community. we will provide new money to support the partnerships. from april 2015, the governmental elites one of the funding and get people back to work. the gross funds are having businesses get back into the game. we are going to support businesses and technologies where britain has a clear technology advantage. we will extend our global lead in aerospace and support the supply chain for advanced infection. we've also support british companies to new emerging markets in asia and africa and the americas. and increasing the funding for the uk by over 25% a year. so they can help more firms build the capacity of overseas british chambers and maintain our country's position as the number one destination in europe for foreign investment. we are launching a new 1.5 billion pounds
FOX Business
Dec 9, 2012 1:00am EST
. jonas, any attempt to c the debt is going to hurt the economy. >> when you can't fit a driver in a smart car, that's part the of the problem. there are studies that say over million people and other deficits, close the huge deficits might not have a huge effect on the economy, however, if taxes across the board and let's not forget the spending cuts that are ought mattic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. sot's both cutting and taxing, we're too focused on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means tt people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five years we won't be notble to borrow money. >> brenda: julian
ABC
Dec 9, 2012 9:30am EST
. it is fundamenta to our economy to have more small businesssses. we f focus o on having our stutudents at the unirsity of marylandd chcheck out onto power norship -- to check out entreeneu ship on the flip side, from a credit peperspective, you need some st ofapital whether b big or small to get something started. this may be a grt ti for t the entrepreneneur, mak it difficult wh allhis ununcertainty may be keeping peop on t the sidelines fr investing. from the investor perspective if they don't start seeing something g that will really stick,k, they ll stay onhe sidelines because they don'tt want to see thihis dete happen over again in six months. >> i thi that's what congress will do. i think t they will try to save theieir own hide by coming up with a band--aid approach. that c could really undermine anyy kind of activity. dave cody fr honeyeywell saysys it is cowardly. you u talked about howonsumer confidence is defing ththis but it is only just t catcng up with where the business s confididence s been for some te. what are you hearing from the busineness community in teterms of w
CNN
Dec 7, 2012 1:00pm PST
. >>> now to the numbers that at first glance look like they're very good news for the u.s. economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans joins us from new york. we saw the unexpected drop in the unemployment rate, but christine, take us a little behind the numbers that make up the headlines. >> 7.7% is that unemployment rate, the lowest since december, 2008, from before the president took office. 146,000 jobs created, twice what economists have been expecting. they really didn't see the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on
CBS
Dec 6, 2012 7:00pm EST
the cost of healthcare. if we can bring down the cost of healthcare, we can save the economy money. >> would you be willing to see the medicare enrollment age raised? >> all that does is shift the cost to other people. we've got to bring down the cost of healthcare. our economy pay as to much for the healthcare dollars. we've got to get better results. >> is there anything else you can specifically put on the table? i got to press you on this that would hurt you the way raising rates would hurt the public? >> i understand we started with spending cuts. this is part of the debt ceiling debate. we got a trillion dollars discretionary budget cuts that's in the bank. now we're talking about needing a revenue component. yes, we need to bring down the cost of healthcare and we've got to save money in our military. we're bringing our troops home. that's where we can get some savings. we can come up with enough savings to avoid the fiscal cliff now between the revenues and savings. >> the house has left town a few days and say look, there's nothing to do because there's no deal on the tabl
CSPAN
Dec 3, 2012 5:00pm EST
the kinds of revenue from the wealthiest americans to help the economy grow and achieve deficit reduction and this puts us on a path towards a better economy. >> [inaudible question] what will he do at this moment? >> i would simply redirect that question to the republican leaders, who to this day, have not put forward any proposal on how they would achieve revenues and address the issue on the top 2%. there is no other way to do it, there is no other mathematically sound way to do it. making vague promises about achieving revenue through capping deductions were closing loopholes, it simply doesn't add up to a serious proposal. we haven't heard which deductions they would cap or which loopholes they were close. what is true is that other proposals that have been put forward include attempts to raise revenue only through closing loopholes and limited deductions can only achieve this if the middle class gets stuck with the bill. or if you have a proposal that is wildly limply unfeasible because it suggests that we would wipe out charitable deductions. it is simply impossible and getting som
CBS
Dec 6, 2012 6:00pm EST
's transformed and built the economy? federal contracting. from 1980 through 2009 federal contracting in northern virginia increased from $1.7 billion to 38.5 billion, but there's worry the bottom could fall out. >> government contractors stopped doing business in fairfax county because it will be dramatically reduced. >> reporter: these two men were farther of the board meeting this week asking congress to hurry up and resolve the impending sequestration. >> if you make the kind of cuts that some suggest happen are then you're really hurting a lot of the small businesses and residents in fairfax county who rely on federal contracts for their livelihood and ultimately that trickles down to and affects fairfax county. >> reporter: fairfax county pulled in $23 billion in federal contract money in 2009. that's more than any county in the nation and $3 billion more than washington d.c. so what is it about fairfax county that makes it so attractive? dulles airport. the international airport provides easy access to washington on its highway. dulles airport also provides connections to both internatio
CSPAN
Dec 4, 2012 7:00am EST
in this country. theit has done nothing to stimulate jobs. it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us out of them for the last four years. all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automat
CSPAN
Dec 5, 2012 12:00pm EST
that this is a self-inflicted wound on our economy, you're exactly right, our current policy. we're educating brilliant students and then compelling them to go to work in shanghai or singapore rather than san antonio or the silicon valley. meanwhile, we're handing out tens of thousands of diversity visas to immigrants chosen by a random lottery, without regard to any qualifications they might when it comes to job creation and entrepreneurship. it makes absolutely no sense. i believe we need an immigration policy that serves our national interest. and if there's one thing that we need more than anything else now is we need job creators and entrepreneurs in the united states. and we know in the -- in the global economy, it's people with the special skills in science, technology, engineering and mathematics are the ones that are going to help us create jobs and grow the economy. not just for these individuals, but for the people that are hired by the start-up businesses that they will create. the stem jobs act would mitigate the problem with the diversity lottery visa which, again, does not dist
CSPAN
Dec 5, 2012 10:00am EST
. in conclusion, the bill will benefit our nation's economy by helping american innovators and businesses better protect their inventions overseas. i urge my colleagues to support the legislation, and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from texas. mr. smith: mr. speaker, we have no other speakers on this side. i yield back the balance of my time as well. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and pass senate 3486. those in favor will signify by saying aye. those opposed, no. in the opinion of the chair, 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from texas seek recognition? mr. smith: mr. speaker, i move that the house suspend the rules and pass s. 2367, the 21st century language act of 2012. the speaker pro tempore: the clerk will report the title of the bill. the clerk: senate 2367, an act to strike the word lunatic from
CBS
Dec 5, 2012 7:00pm EST
on the economy and the very people we're trying to protect would be the most affected if that happened. so i don't think it's a good idea at all to go off the fiscal cliff. >> first of all, two questions, would you be willing to work through the christmas holiday to make sure this gets done? >> absolutely. >> second question, what about foregoing any pay until you solve this problem? >> well, the problem with that is there are 535 of us and i'm willing to solve the problem and compromise. i don't want to be penalized because of somebody else. >> fair enough. congressman connolly, we thank you for being here. i take it that means you want to keep collecting your paycheck. >> i want to get something done for the american people and in congress of two years the people get to throw us out of office if we didn't do our job. >> thank you, fair enough. glad you got that cough under control. tomorrow maryland senator ben cardin will be here and talk about fiscal cliff as well at 7:00. you can send in questions to mailbag@wusa9.com or leave a post on the wusa9 facebook page. >>> if you want to blow up a
NBC
Dec 7, 2012 5:00am EST
is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate to remain at 7.9%. >>> president obama says this northern virginia couple is proof that lawmakers must come to an agreement on a budget deal by the end of the year. he met with tiffany and richard santana yesterday. living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> we live with an extended family. we have two sets of adult incomes in our home. it would be more like a $4,000 tax increase for us, which would be relatively devastating for our family. i wanted to share that with the white house. i wasn't sure i was going to get a response, but i did want to at least make my voice heard.
CSPAN
Dec 5, 2012 7:00am EST
. that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host: robert, milwaukee, democratic caller. caller: i would like to say that the republican party, not all of them, i think it's just the tea party, they are destroying the republican party. when i saw senator dole in his wheelchair yesterday and military disabled individuals throughout the world, when they did not pass the ada treaty, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any of us would want to be involved with. that's all i have to
Current
Dec 5, 2012 9:00am PST
sounds] >> if the president really wants to avoid sending the economy over the fiscal cliff he's done nothing to demonstrate it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues it's magic beans and fairy dust. [farting sounds] >> stephanie: all right. >> fairy dust goes very well with bourbon. >> stephanie: republicans were quick to say that boehner's plan was attracting criticism from the right particularly from jim demint of south carolina, tea party leader and as such, represented more of a compromise than obama's stance. uh no! nice try. demint said boehner's plan will destroy american jobs and allow politicians in washington to spend more. oh, please we're not falling for this. they think if they criticize the plan, oh, well it must be a good compromise then. nice try! 29 minutes after the hour. spongebob squarepants tom kenny, our buddy our pal next on "the stephanie miller show." you know who's coming on to me now? you know the kind of guys w
CSPAN
Dec 4, 2012 8:00pm EST
are an economy that is driven by consumer demand. i cannot think of anything that would be more guaranteed to put the economy in a recession than increasing the price of all goods and services that we purchase by 20-25%. >> host: we'll give brad on twitter the last word here. he says negotiate and simplify, let the republicans lower taxes and get rid of the amt. john buckley, thank you for your help this morning in helping us try to understand the alternative minimum tax, appreciate it. >> guest: okay, good. >> in a few moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and
CSPAN
Dec 5, 2012 1:00pm EST
as anyone. i have sales for wal green's and cvs. that's tough to do in today's economy. $10,000. so that's why it's so interesting. look out here. of the -- almost 21 million tax returns filed, only 14 of them ended up having a tax associated with them, 425,000 were itemized. now i want you to think about that, mr. speaker. you know, most americans don't itemize on their taxes. they have the standard exemption, the standard deduction. most americans take that. even homeowners. of course, the mortgage interest deduction is the largest itemized deduction that most american families take followed by the charitable deduction. but most american families don't itemize at all. so you have to ask yourself, mr. speaker. who are the folks who are reporting under $10,000 a year in income who are doing all this itemizing? it's about 30-1. even down here among the richest of americans, mr. speaker, it's 1-1. 30-1. folks are gaming this tax code, gaming this tax code to participate not at all in the funding of our government. and when we get together here to try to think about how we take care of the
CNN
Dec 6, 2012 9:00am PST
the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. >>> american
MSNBC
Dec 8, 2012 11:00am PST
hit the economy hard. today we are hearing more from both the president and from republicans. with me now, nbc news white house correspondent mike viqueira. viq, does there appear to be any progress? >> reporter: i don't think so, craig, and we're watching it pretty closely. we thought perhaps after yesterday there would be. but this morning in his weekly address the president says no compromise. those top late rates for the w will raise one way or the other, but the wiggle room may be raise by how much. visiting a d.c.-area diner, vice president joe biden said if the gop were willing, the debt deal could be done in short order. >> it would take 15 minutes from the time the decision was made by the speaker of the house to pass and make permanent the middle-class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. >> reporter: but even after the latest in a series of private calls with the president, house speaker john boehner says the white house is stone walling. >> when it comes to the fiscal cliff that's threatening our econo
FOX Business
Dec 5, 2012 1:00pm EST
with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution for the alternative minimum taxes, will not be passed that does not get resolved you have 20 million more americans who have to pay this tax otherwise wouldn't and again that could be good leverage for the republicans. how do you see that issue playing out? >> that is a big one because alternative minimum tax largely hits blue states, democratically states like maryland, new jersey, new york, connecticut, california, illinois, all of those are democratic strongholds so they can save the white house were not going to patch it unless you give us something we would like, that gives them a little bit more negot
CSPAN
Dec 6, 2012 7:00am EST
is concerned about uncertainty. there is no uncertainty like the prospect that the largest economy that holds the world's reserve currency potentially defaults on its debts, that we give out the basic notion that the united states stands behind its obligations. we cannot afford -- host: whil"the wall street journal." guest: the president does not want to negotiate with the republicans on the debt ceiling. that is like giving a son or daughter a credit card to do with it as they want freely. i think the president has to admit that both sides have tried to break measures and legislations to the table that would reduce the debt ceiling. the president -- look at how the deficit has quadrupled since he has been in the white house and he wants to spend more money on his special programs. it will give him a full range to spend as he likes without any kind of restriction. it would be irresponsible for republicans and democrats to give this president that kind of power. host: jeff, good morning. caller: good morning. with republicans being cornered as far as the blame, why don't the republicans just v
CBS
Dec 5, 2012 5:00pm EST
our local economy. >>> and when will we see the warmer weather temperatures again? any time soon? don't miss the updated first warning weather forecast with bob. >>> it's 51 degrees and clear in central maryland. the complete first warning weather forecast is coming up. >>> it's one of baltimore's favorite attractions. and support shows it is bringing in hundreds of millions of dollars into the city. wjz is live at the national aquarium do you want. christie ileto has more on what this means for the local economy. >>> a new report shows that most of the visitors are from out of town, that they spend big bucks here in the area. and that the national aquarium is their main reason for flocking to baltimore. >> reporter: for deborah hanley, when you come to baltimore, there is one place you have to go. >> the aquarium. today is my 60th birthday, and i'm skipping work to celebrate. >> reporter: that's the city's main attraction for handley and other visitors this year, according to a new report. numbers show these underwater creatures show large c
CBS
Dec 9, 2012 8:00am EST
. at a time when style is taking a backseat to the fuel economy. editor-in-chief from motor trend magazine says automakers are paying close attention because more americans are in a buying mood. right now the average age of a car on the road is a loving years, the record high. >> now they are in these older cars. they want to buy a new one. they are going to start thinking about it. >> overall, consumer interest is up 54 percent. so gm is renewing its commitment of pure electric cars with the chevy spark. ford is rolling out eight vehicles that deliver 40 miles per gallon or better, including the 200014 csi that has a breakthrough three cylinder engine. ford spokesman mike lavigne. >> this engine is so small you could fit it in a suitcase but it has the performance of a standard engine and is expected to get the best fuel economy of any nonhybrid car in america. >> we have seen a rebirth of the traditional gasoline engine thanks to advances in technology. >> in many cases, we are seeing upwards of 25, 30, into the 40- mile per gall
ABC
Dec 5, 2012 11:00pm EST
side tonight. two new signs that box is thriving, even in this economy. the and now they will at 1500 new cafes and into the united states. they are also offering a new product. a steel gift card. the costs $450. it costs you $50 to buy the card because it is made of steel. starbucks is only making 5000 of them available. >> it will embarrassment tonight for the hospital where kate middleton is currently being treated for severe morning sickness. a radio talk-show in australia prank call the hospital pretended to be the queen of england. the staff bought it. >> good morning. this is ... -- this is elizabeth speaking. >> good morning. i'm calling about kate. i want to see her tummy but is doing. -- tummy bug is doing. >> the hospital says the regret giving up a commission on kate's condition. >> i am pretty sure the queen would know the direct line to the room. >> and the nurse would know. >> bet she knows now. >> welcome back. >> thank you. great to be back. >> outside tonight a little bit of a chill in the air coming in. like it tim brant early date, isn't it? [laughter] temperatures
CSPAN
Dec 8, 2012 9:00am EST
the rate of the average inflation in the economy. so what you did is, number one, you had a supreme court ruling that it was in the best interests of the country to take away the liberty of individuals. and the congress had actually gone outside of the enumerated powers -- which lists very specifically what the congress can do -- and yet the supreme court held up the abandonment of the enumerated powers. and also the trumping of the tenth amendment. >> host: why -- when it comes to the commerce clause, you used that with supreme court justice elena kagan, and you reprint that testimony, your back and forth with elena kagan in "the debt bomb." what was the question you asked can her about fruits and vegetables? >> well, the question i asked is could the government tell you, mandate to you how many fruits and vegetables you would eat a day? and it really arises is what's the role for the government in terms of our lives? can, in fact, the commerce clause be viewed so widely as what was done in filburn v. united states, can it be interpreted so widely that we could eventually get to the poin
CBS
Dec 3, 2012 7:00am PST
that's wa ood for the american economy is that a group of republicans weade they're going to block e's increase in tax rates on wealthy americans. >> reporter: geithner says he's optimistic a deal is possible. even as a key negotiator tells bs news the deadline to reach 15tromise is december 15th. e foress needs time for the rocessative process to work. to the house and senate to pass presidentnd for the president to sign it by december 31st. >> right now i would say we're eportee. period. we're nowhere. >> reporter: calling the president's plan to avert the asking fiff a nonserious proposal. th ohe president is asking for $1.6 trillion worth of new revenue over ten years. twice as much as he's been asking for in public. excee stimulus spending in here wast exceeded the amount of new not ahat he was willing to consider. it was not a serious offer. > i think we're going over the cliff. it's pretty clear to me they've ode a political calculation. this offer doesn't remotely deal with entitlement reform and a way to save medicare and medicaid and social security from imminent bankruptcy
CSPAN
Dec 6, 2012 10:00am EST
have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing market. while they have already taken action to pretext the financial mortgage fund for single family loans from seeking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to minimize the risk to taxpayers stemming from their business and what safeguards are in place to ensure the quality and sustainability of the program. if the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health, i'm inclined to work with my colleagues on both sides of the aisle on the banking committee to find a bipartisan way to make shoo -- that happen. before i turn to ranking member shelby, i want to rec
CSPAN
Dec 9, 2012 7:00am EST
of our economy calls for action bold and swift. we will react to lay a new foundation for growth. electrical grids that bind us together. we will restore science to its rightful place and raise health care quality and lower cost. we will harness the sun and the wind to run our factories and will transform our schools and colleges to meet the demands of a new age. all of this we can do. all of this we will do. there are some who question the scale of our ambitions to suggest our system cannot tolerate too many big plans. their memories are short. they have forgotten what this country has already done. what it free men and women can achieve when imagination joins a common purpose. host: his inaugural address from january 2009. the question is, as the president moves to a second term, what is your number one priority? the number one agenda item you think he needs to address? danny is joining us from west virginia on the democrats' line. caller: good morning. the first issue and the core of all of our problems is the free trade we have been engaging in for the last 20 years. if you l
PBS
Dec 7, 2012 12:00am PST
on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a
NBC
Dec 6, 2012 11:00pm EST
thousands to the neighborhood. >> that makes her body feel hopeful. ideally, the economy will turn around. that will make people more willing to shop and spend money and go out and actually just enjoy themselves. >> we do have a full list of all the fun events going on this holiday season on our website, wbaltv.com. just click on community calendar. wbal tv 11 news. >> coming up next, we all know johns hopkins university is a world class institution. ahead, how this education jim helps its neighbors. -- education gem plans to help its neighbors. >> and nothing to do with rain gear. >> coming up, cashing in on an ugly holiday tradition. the teenager who attacked the idea is earning him a little extra cash this season. >> rain is -- the teenager whose tacky idea is earning him whose tacky idea is earning him a little extra cash this whose tacky idea is earning him a little extra cash this wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. h
ABC
Dec 6, 2012 5:30am EST
in eligibility standards and the struggling economy for the new trend. >>> you called it a roller coaster lynette. warm a few days ago, this morning when i walked outside. uh-huh. >> did you have the coat? >> no. >> you didn't bring your coat? >> what's wrong with you? >> i didn't want to go back in and get the coat. i'll suffer. >> okay, don't do what charlie did people. you want the coat this morning. he is not a good example whatsoever. make sure you layer yourself as you head out the door this morning and we have lots of sunshine though throughout the day. temperatures really dropping off this morning. because we don't have any type of cloud cover. no type of weather to talk about. if you want the weather you have to head back over towards the midwest because you're getting some rain and snow across michigan this morning: and also wisconsin and we're dealing with some wet weather and also this will continue as we go through time and that area. but we're not going to be dealing with that today. we'll be dealing with lots of sunshine to the bus this morning. 31 degrees the sun is not going to w
ABC
Dec 6, 2012 5:00pm EST
and not working out. >> reporter: with the economy and large chain stores it's been harder to compete and it doesn't make any sense to stay open anymore. >> steven's hardware. >> reporter: that greeting will soon not be heard. she's a local gal, born five blocks from here and moved two blocks closer when she got married. >> so i don't burn much gasoline. >> reporter: over20 family members have worked here over the years. >> all the people in my family. >>
CSPAN
Dec 5, 2012 5:00pm EST
been sittingr hands on the sidelines in an increasingly global and dynamic economy. this is the first administration actually since f.d.r. not to ask for the ability to negotiate trade agreements using expedited procedures. and this is something unique, trade promotion authority in order to negotiate agreements. this administration has yet to even ask for it over the last four years. last year we finally passed the korea, panama and colombia export agreements. hopefully our bipartisan actions today to boost exports to russia will signal a new chapter, for us to engage as a congress and with the administration in a much more ambitious and proactive trade policy. i'm pleased this bipartisan bill received such broad support from republicans and democrats in the house, getting 365 votes, and i urge my colleagues on both sides of the aisle to now support this legislation before us. thank you, madam president. i yield the floor. a senator: madam president? the presiding officer: the senator from michigan is recognized. mr. levin: madam president, i understand now under the existing unanimou
MSNBC
Dec 3, 2012 3:00am PST
to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> what are the chances we're going to go over the cliff? >> there's clearly a chance. >> lindsey graham said the same thing yesterday, michael steele. he said he thinks we are going
CBS
Dec 7, 2012 6:00am EST
to both national and international markets. but it's already been feeling effects of the soft economy. the recent recession left many commercial buildings vacant. if more businesses go under, that means more vacancies, more job losses, possible new foreclosures, and tax revenue to the state could take a dive as well. that is where we see these ripple effects happening. >> a lot of big contracts. that makes a huge impact around here. absolutely. >> thanks, jess. >>> superstorm sandy is widely thought to have slowed the u.s. job growth last month. the only question is how much. an answer is expected to emerge from the government's job report from november which is due out today. meanwhile new jersey's governor paid a visit to president obama yesterday asking for money to help his state rebuild. the storm destroyed 80% of this sea side heights community and left the famous boardwalk in pieces. governor chris christie says it will take $37 million to rebuild that area. the president is expected to ask congress for $50 billion but that will not cover the $83 billion that new york, new jers
CSPAN
Dec 3, 2012 11:00pm EST
for the next many years. the amazing work you did with all of us on fuel economy standards and enforcing the clean their act, which i just want to say unfortunately those two are not candidate dress. if they were here, i would address them. colleagues here and others stopped many who try to roll back the clean air act as it pertained to missions coming from utility and other polluters. i was critical because we want to be much more direct. i don't speak for anybody else on how we approach this. i just feel people have to understand that the promise that we made and we have initial studies show the progress we've made only because we fight so hard rolling back of my colleagues on the other side but the environmental writer after environmental writer. and if they don't see from superstore and sandy, the future if we just go along, i am very disturbed for our children and our grandchildren. i just want to thank you, senator whitehouse for your amazing leadership day after day. people don't know every time they see me. i so agree with you and with your determination. rhode island is very det
CBS
Dec 8, 2012 5:00am PST
story this morning. jobs. the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers? >> the payroll survey which is where we get the jobs created is generally a large company survey. so it may not pick up where the jobs were lost from the hurricane. the problem too is although the headline was positive the prior couple of months were revised down by a similar amount. i would say the report in general was about a neutral. >> also the fact the one employment rate dropped to 7.4% had a lot to do with fact people gave up looking for work. >> that's the rub. the headline is good. a big part of that reason is that over 300,000 people dropped
MSNBC
Dec 5, 2012 3:00am PST
to keep 98% of the bush tax cuts in place for the betterment of the economy. >> it's so much bigger than that. >> they have won. >> republicans won. >> we have won. tax breaks. >> so to give a couple of percentage points to 2% of people. >> it could be so much bigger because the conversation has been shifted to how do we reduce our deficit. >> brian sullivan, thank you so much. greatly appreciate your insights. thanks for being with us on "way too early." you can catch brian on cnbc's "street signs" at 2:00 p.m. he is the hardest working man in show business, or at least on the other side of the river. >>> coming up this morning, we've got republican senator tom coburn. can't wait to talk to tom. also, tom cole will be here on set. that's great. we're going to ask him what he was thinking last week. i'm joking. congressman. also, democratic senator claire mccaskill. can you believe this? and congressman chris van hollen. also, we're going to bring in former national security adviser dr. brzezinski. and straight ahead, mike allen with the top stories from "politico." and mika should be je
CSPAN
Dec 9, 2012 12:00am EST
in the midst of an act of collective subtlety in which the wall street dragged america and the world economy under their funeral pyre i realize sullivan had nothing kidding at all and instead of writing prophecy and disguised wisdom as whimsy and failed to include surefire ways not to get rich majoring -- or becoming a professional mandolin player, two of the most obvious ways of all if not becoming rich. first, believing anything that anybody at anytime says on wall street. and second, from my perspective most important come, investing as i did your entire life savings in a 401(k) run by aol-time warner. now as well as a contributing editor to the boat and the father of the lot of books he is co-author along with his long-suffering wife suzanne of two incredibly talented children, louise and extraordinary singer and musician who i hope will make it here this evening and sam, who is currently attending yale which bob tells me is a four year institution in either hartford or new haven. let me begin our discussion by pointing out the fitting miss of discussing my american revolution here on de
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